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Hawaii Military Realty Rental Property Updates As Of April 20, 2017

As of April 20, 2017, we have the following properties that will be available for rent in the month of May 2017.

Ocean Pointe 4 bedroom, 3.5 bathroom, 2500 sf single family house with a separate mother in law/guest suite. $3400 per month. Available 1st week of May 2017.

Ka Makana at Hoakalei 3 bedroom, 2 bathroom with den/study and PV electric. Cable, internet, phone, yard service, tennis courts, fitness center, community pool included. $3400 per month. Available Mid May 2017.

Ka Makana at Hoakalei 3 bedroom, 3 bathroom townhouse. One bedroom and full bath on 1st floor. Cable, internet, phone, tennis courts, fitness center, community pool included. $2800 per month. Available Mid to Late May 2017.

Mililani Mauka very rare 1,700 sf townhouse with 2 car garage in Hamtpon Court. Near Schofield and Wheeler. Water, trash included in rent. $3,400 per month. Available Mid to Late May 2017.

Hawaii Military Realty New Listing: Condominium For Sale in Mililani, Hawaii

In Mililani Mauka, Northpointe Terrace.  This is a 2 bedroom, 2 bathroom, ground floor, end unit with fenced yard.  It also comes with 2 assigned parking stalls.  All standard appliances included.  Close proximity to Schofield Barracks, Wheeler Army Airfield and the H2 Highway.  Listed at $305,000 Fee Simple.  NOT a short sale or lender sale.  Contact Hawaii Military Realty, Inc. or your personal Hawaii real estate agent for a  private showing.

Important Information: Using Your Hawaii Home as a Rental Property

Are you a home owner in Hawaii and considering holding onto your property when you leave Hawaii on Military PCS orders, Retirement Orders or something similar?  What would you do with your house when you leave?  If you plan on keeping the house and using it as an investment/rental property, you should be aware that you could very possibly be subjected to the HARPTA tax which the state of Hawaii taxes people who are non-owner occupants of property and who sell their property at a future date.  For example:  If the Military Servicemember in Hawaii had a home that they used for a rental property after they left Hawaii and then several years later they sold the property, they would almost certainly be subject to the HARPTA tax.  The HARPTA tax is 5% of the amount realized.  If the house sold for $650,000 then the tax would be $32,500.00.  On a $350,000 house, the HARPTA tax would be $17,500.00.  That is definitely something for you to keep in mind if you decide to use your piece of Hawaii real estate as a rental.  Since I am not a tax professional or attorney, I suggest you check out the State of Hawaii Department of Taxation Website for further information and clarification.

For more information on Oahu Real Estate, Hawaii Homes For Sale, Sell and VA Loans in Hawaii, contact the number one, dedicated real estate company in Hawaii that focuses on taking care of their fellow Servicemembers from Hawaii.  Hawaii Military Realty, Inc.  Veteran owned and Veteran operated.

2013 BAH Rates for Oahu, Hawaii

The 2013 BAH rates for Hawaii (Honolulu County) have been announced.  The rates are increasing for all ranks.  This information is courtesy of the Department of Defense Finance Office.

With Dependents BAH Rates for 2103

E1 thru E4 $2,172
E5 $2,256
E6 $2,664
E7 $2,835
E8 $3,021
E9 $3,255

WO1 $2,667
WO2 $2,913
WO3 $3,141
WO4 $3,300
WO5 $3,486

O1E $2,874
O2E $3,108
O3E $3,327

O1 $2,301
O2 $2,655
O3 $3,132
O4 $3,558
O5 $3,858
O6 $3,897
O7 $3,933

If you are in the military and are considering purchasing a home in Hawaii, this might be a great opportunity for you to do that.  With the historically low interst rates on VA loans in Hawaii, the high BAH rates and the shortage of rental properties, there is no better time to be an owner/seller/landlord/investor.  I also manage rental properties and I have ZERO available.  All of my rental properties are currently occupied yet my phone continues to ring daily with calls from Service Members that are looking for homes to rent.

For more information on purchasing a home in Hawaii, selling a home in Hawaiii or how you can use your BAH to build wealth for yourself, contact David Kucic, First Sergeant Retired, President/O

 

Shortage of Homes For Sale, Oahu, Hawaii Dec 21, 2012

There is a severe shortage of homes for sale on Oahu, Hawaii.  This is both for existing homes and new construction.  Buyers and their real estate agent need to be ON TOP OF THE MARKET or they will miss out on the homes that come on the market.  If a new property comes on the market, you MUST go out to see it as soon as possible because if you wait til the weekend or until the next week, the house will most likely be taken by someone else assuming it is priced correctly, it is in decent condition and it is in a good location.  For new home sales, developers are using the “lottery system” to sell houses.  Yes, that’s right, people are having to “win” the right to buy a home in Hawaii!

A few of the hottest markets are Ewa Beach, Kapolei, Makakilo, Koolina, Mililani and Waikele.  For more information on Hawaii real estate, Short Sales in Hawaii, VA loans in Hawaii and any other real estate information on the island of Oahu, contact David Kucic of Hawaii Military Realty, Inc.

Hawaii Military Realty, Inc. Welcomes Tomoya Tsuruhara

Hawaii Military Realty, Inc. would like to welcome the newest member of the team.  Tomoya Tsuruhara will specialize in representing Japanese clients.  Tomoya brings many years of experience to the company and most recently asssisted Japanese investors who wanted to start their own businesses in Hawaii.

Welcome Tomoya!

 

Oahu, Hawaii Real Estate Statistics Through 3rd Quarter 2012

The real estate statistics for Oahu, Hawaii 3rd quarter, 2012 are completed.  Hawaii Military Realty, Inc. which opened its doors for business in 2011 has quickly proven that they are professionals in the Hawaii real estate industry.

Hawaii Military Realty, Inc. ranked #72 out of 705 real estate brokerages on the island of Oahu for the first 3 quarters of the year.

David Kucic, President and Owner of Hawaii Military Realty, Inc. ranked #46 out of 2,597 real estate agents on the island of Oahu.  David also ranked #16 out of 2,597 real estate agents with the amount of transactions for the first 3 quarters of 2012 (29 transactions).

Congratulations to Hawaii Military Realty, Inc and for their continued support of Military Families in Hawaii.

 

Homes For Sale in Ewa Beach, Hawaii

 

There are not a lot of homes for sale in Ewa Beach, Hawaii that dont already have offers on them.  While it looks like there might be a lot of homes for sale in Ewa Beach because you see the “For Sale” signs in front of the houses, that doesnt necessarily mean that they are avaialble.  Once a “For Sale” sign is placed in front of any home for sale on Oahu, Hawaii, it will almost always remain in front of that home until the transaction closes.  Sometimes, especially with the short sales on Oahu, this could take up to 6 or 8 months.

If you want to know what properties are really for sale in Hawaii and that dont already have offers on them, contact Hawaii Military Realty at (808) 218-9338 or email to david@davidkucic.com.

Maximum VA Loan Limits in Hawaii For Honolulu County August 6, 2012

The maximum VA Loan limit in Hawaii for Honolulu County has been increased to $756,250 effective August 6, 2012.

The VA Loan in Hawaii can be used to purchase a single family home, townhouse or condo in Hawaii as well as new construction homes on Oahu.  The VA Loan in Hawaii is a 100% financed loan so no down payment is necessary.  Oahu, Hawaii has fantastic, family friendly neighborhoods in Ewa Beach, Kapolei, Mililani, Waikele, Pearl City, Aiea, Honolulu, Kaneohe and Kailua just to name a few.  All of these neighborhoods are eligibile for the VA Loan purchase.

For more information on VA Loans and how Veterans can purchase a home in Hawaii, please call your Hawaii Military Relocation expert, David Kucic, President/Owner of Hawaii Military Realty, Inc. at (808) 218-9338 or email to:  david@davidkucic.com.

 

Property Tax Rates in Hawaii 2012 to 2013

The property tax rates in Honolulu County Hawaii for the year 2012 to 2013 for residential properties are $3.50 per $1,000 of assessed value.  For example, the median home price on Oahu is approximately $650,000.  Lets assume that the tax assessed value is also $650,000.  The annual tax for this example of Hawaii real estate would be $3.50 x 650 = $2,275 per year.  This breaks down to a rate of approximately $190 per month.

Taking it one step further, if you file your “Hawaii Property Tax Exemption Form” and are entitled to the $80,000 tax exemption, then using the same figure above, you would take the assessed value of $650,000 and subtract $80,000 which means your taxable value is $570,000.  At a tax rate of $3.50 per $1,000 of assessed value, this would make the annual tax $1,995 or $167 per month.

The other Hawaii county tax rates are:  $5,75 for Maui County, $5.55 for Hawaii County (the Big Island) and $3.05 for Kauai County.

I am not a tax professional or a tax attorney but I do have common sense and I know how to read and follow simple instructions such as using available information to determine examples of estimated property tax payments.

For more information on homes for sale in Hawaii or any other Hawaii real estate related questions, feel free to contact Hawaii Military Realty Inc at (808) 218-9338 or email to david@davidkucic.com.